SIA hails PH as a ‘critical player’ in global semiconductor space
MANILA, PHILIPPINES — United States-based Semiconductor Industry Association (SIA) called the country a “critical player” in the global semiconductor industry and a major hub for semiconductor assembly and test manufacturing.
According to the firm, many of their member companies have significant investments in the Philippines including Analog Devices, Onsemi, and Texas Instruments, among others.
SIA represents 99% of the U.S. semiconductor industry by revenue and two-thirds of non-U.S. chip firms.
Meanwhile, during a meeting with Trade Undersecretary and BOI managing head Ceferino Rodolfo, SIA shared investment prospects and business opportunities for the Philippines with the passage of the CHIPS Act of the United States.
According to SIA president and CEO John Neuffer, “While the CHIPS Act aims to increase the capacity of the US semiconductor industry, we recognize that we cannot do it all in the US. And that’s where countries like the Philippines have an opportunity.”
“The CHIPS Act encourages manufacturing in the US, but rather than reshoring all manufacturing activities, it is more of rebalancing the supply chain,” he added.
Rodolfo also expressed his appreciation for SIA’s confidence in the country’s investment prospects.
He added that the Philippine government stands with the local semiconductor industry in “promoting partnerships and enhancing local capacities and competencies in semiconductor manufacturing to deepen the country’s role in the global semiconductor supply chain and be able to further support U.S. companies in its endeavors under the CHIPS Act.”
